1995: THE EURO-MEDITERRANEAN PARTNERSHIP

Source: 30giorni.it

                  

The Euro-Mediterranean Partnership was created in 1995 with the objective of promoting the stability and the growth in the Mediterranean region.

This project could benefit the economy of Spain, which couldn't meet the levels set by the European Parliament that year.

In November 1995, the 1st Euro-Mediterranean Ministerial Conference was held. More than 20 countries met in Barcelona to speak about the future of the trade in the Mediterranean sea.

The foreign ministers of the fifteen member states of the European Union and twelve states from the south and east of the Mediterranean sea established the foundations for a common space for free trade in the Mediterranean. 

Source: prlog.org

    

The three main objectives of the Euro-Mediterranean Partnership were:

(1) The definition of a common area of peace and stability, by reinforcing political and security dialogue among the Mediterranean countries.

(2) Promote a shared prosperity of the Mediterranean countries through an economic and financial partnership and the gradual establishment of a free-trade area.

(3) Encouraging understanding between Mediterranean cultures and exchanges between civil societies.

They believed that their dream could be real in 2010.

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Source:

http://www.barcelona.com/barcelona_news/the_barcelona_process_or_euro_mediterranean_partnership